AEON Pay Now Unlocks Crypto Payments for Nigerian Merchants via Local Bank Transfers
Lagos, Nigeria – July 11, 2025 – AEON Pay Now, a burgeoning player in the digital payment solutions landscape, has announced a significant advancement in its service offering, now enabling Nigerian merchants to seamlessly accept cryptocurrency payments. This innovative feature allows for direct conversion of crypto assets into local fiat currency, which is then disbursed to merchants through convenient local bank transfers.
The introduction of this capability marks a pivotal moment for businesses in Nigeria looking to tap into the growing global cryptocurrency market. Previously, integrating cryptocurrency payments often presented complex challenges, including volatile exchange rates and the need for intricate cross-border settlement processes. AEON Pay Now’s solution aims to demystify and streamline this process for local businesses.
By leveraging AEON Pay Now, merchants can provide their customers with the option to pay for goods and services using popular cryptocurrencies. Upon successful transaction completion, AEON Pay Now handles the conversion of the received cryptocurrency into Nigerian Naira (NGN). This converted Naira is then promptly transferred directly into the merchant’s existing local bank account, eliminating the need for them to manage cryptocurrency wallets or navigate international banking procedures themselves.
This development is particularly timely given the increasing adoption of digital assets and the growing desire for alternative payment methods within Nigeria. The ability to receive crypto payments and have them converted to fiat via a familiar local banking system significantly lowers the barrier to entry for businesses wishing to embrace this new wave of financial technology.
“We are thrilled to empower Nigerian merchants with the ability to accept cryptocurrency payments in such an accessible and straightforward manner,” stated a spokesperson for AEON Pay Now. “Our goal is to bridge the gap between the burgeoning digital asset economy and the everyday operations of local businesses. By facilitating these crypto-to-fiat conversions and utilizing local bank transfers, we are providing a secure, efficient, and user-friendly solution that can unlock new revenue streams and customer bases for our partners.”
The implications of this service are far-reaching, potentially benefiting a wide array of businesses, from e-commerce platforms and retail stores to service providers. It offers a competitive edge to merchants who can now cater to a broader clientele, including those who prefer to transact using digital currencies. Furthermore, it aligns with the broader global trend of integrating cryptocurrencies into mainstream commerce.
AEON Pay Now’s commitment to innovation and its focus on addressing the specific needs of the Nigerian market position it as a valuable partner for businesses seeking to modernize their payment infrastructure. This new feature is expected to foster greater economic participation and technological advancement within the Nigerian business community.
AEON Pay Now Supports Crypto Checkout in Nigeria with Local Bank Transfer to Merchants
AI has delivered the news.
The answer to the following question is obtained from Google Gemini.
PR Newswire Telecommunications published ‘AEON Pay Now Supports Crypto Checkout in Nigeria with Local Bank Transfer to Merchants’ at 2025-07-11 11:59. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.